National Elevator Industry Health Benefit Plan

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 236209407 ✦ Newtown square, PA ✦ Designated as a 501(c)(9)

Overview

What is National Elevator Industry Health Benefit Plan?

The National Elevator Industry Health Benefit Plan is a nonprofit organization headquartered at 19 Campus Blvd 200, Newtown Square, PA, 19073. Its primary focus is providing health and welfare benefits and managing the financing for trustees involved in the operation and administration of the trust. Essentially, this is the sole program and service of the organization, with all revenues and expenses directed towards this goal.


Official website here: www.neibenefits.org

Is National Elevator Industry Health Benefit Plan legitimate?

National Elevator Industry Health Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. National Elevator Industry Health Benefit Plan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $464,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,930,134

For more financial information, click here


Official website here: www.neibenefits.org

What is the mission statement of National Elevator Industry Health Benefit Plan?

The National Elevator Industry Health Benefit Plan is committed to providing health and welfare benefits for its members. The organization's primary goal is to finance and manage the expenses associated with the operation and administration of this trust. This mission is carried out through the provision of comprehensive health benefits to those involved in the elevator industry. The Plan serves as a vital resource for ensuring the wellbeing of its beneficiaries, offering essential coverage and support. The organization's focus is solely on delivering these benefits to its members.


Official website here: www.neibenefits.org

Who is the CEO of National Elevator Industry Health Benefit Plan?

Robert O Betts Jr is the Executive Director of National Elevator Industry Health Benefit Plan.


Official website here: www.neibenefits.org

What is the revenue of National Elevator Industry Health Benefit Plan?

National Elevator Industry Health Benefit Plan's revenue in 2022 was $925,680,318.


Official website here: www.neibenefits.org

Who are the executives of National Elevator Industry Health Benefit Plan and what are their salaries?

Here are 12 key members and their salaries:

    Larry J Mcgann (Trustee/Chairman)
  • Compensation: $0
  • Related: $392,610
  • Other: $205,761

    • Steven Bruno (Trustee)
  • Compensation: $0
  • Related: $280,320
  • Other: $161,594

    • Terence Carr (Trustee)
  • Compensation: $0
  • Related: $280,320
  • Other: $161,594

    • Newton Blanchard Iv (Trustee)
  • Compensation: $0
  • Related: $246,997
  • Other: $148,487

    • John A Mcgowan (Director Of Health Claims)
  • Compensation: $189,875
  • Related: $0
  • Other: $61,054

    • Robert O Betts Jr (Executive Director)
  • Compensation: $167,028
  • Related: $0
  • Other: $46,425

    • Rick Amarosa (Trustee/Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vincent Schiavone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Allen Spears (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Tart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Upchurch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jathan Van Winkle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.neibenefits.org

    Where can I find the form 990 for National Elevator Industry Health Benefit Plan?

    The National Elevator Industry Health Benefit Plan’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.neibenefits.org

    Learn more at the official website: www.neibenefits.org

    Mission Statement of National Elevator Industry Health Benefit Plan

    The National Elevator Industry Health Benefit Plan is a mission-driven organization, dedicated to ensuring the well-being of its beneficiaries. By providing health and welfare benefits, this Plan empowers its trustees to manage and finance the operational and administrative expenses related to the trust. In essence, the Plan serves as a vital safety net for individuals associated with the elevator industry. Through this comprehensive approach, the Plan fosters a sense of security and peace of mind for its members, enabling them to focus on their personal and professional growth. With its unwavering commitment to health and welfare benefits, the National Elevator Industry Health Benefit Plan stands as a beacon of support for those it serves.

    Impact

    This information is meant to be a general summary of National Elevator Industry Health Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of the National Elevator Industry Health Benefit Plan is significant in providing health and welfare benefits to individuals within the elevator industry. By offering a means for financing the expenses related to the operation and administration of the trust, this plan plays a crucial role in supporting the well-being and healthcare needs of its members. This program service is central to the organization, with all revenues and expenses dedicated towards fulfilling its purpose. Through its efforts, the National Elevator Industry Health Benefit Plan contributes to the overall health and stability of the elevator industry workforce.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-50,546,568
  • Program Service Revenue: $975,752,728
  • Gross Receipts: $2,226,005,911

    • Assets and Liabilities:
  • Total Assets: $2,821,003,990
  • Total Liabilities: $97,830,329
  • Net Assets: $2,723,173,661
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $801,289,909

    CONTRIB EXT BENEFITS

    Revenue

    $87,343,381

    FORMULARY REBATE PRESCRIPTION BEN

    Revenue

    $78,588,856

    MEDICARE PART D SUB

    Revenue

    $6,779,994

    PARTICIPANT CONTRIB

    Revenue

    $1,750,588

    Organization Details

    Founding Year

    1952

    Principal Officer

    Robert O Betts Jr

    Main Address

    19 CAMPUS BLVD 200, NEWTOWN SQUARE, PA, 19073

    NTEE Category

    Code: Y20 - Mutual benefit

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